The price of containerized ferrous scrap imports into India dipped this week after a change in sentiment following the continued pause on trading, sources told Fastmarkets on Friday June 19.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $282.25 per tonne on Friday, down from $285.89 per tonne one week previous.This is the first downward movement since Ma...Read More
Spot demand for imported ferrous scrap in key Asian market Vietnam slowed in the week to Friday June 19 after buyers noted a dip in prices from the middle of the week. Offers for bulk Japanese H2 cargoes were at $275-280 per tonne cfr southern Vietnam at the start of the week and had fallen to $270 per tonne cfr southern Vietnam on Friday. There was a transaction at $270 per tonne cfr Vietnam in t...Read More
Taiwanese buyers of containerized ferrous scrap slowed down their purchases of imports this week amid falling offers and increased supply. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $252-253 per tonne on Friday June 19, unchanged from Thursday but up by $2-3 per tonne from $250 per tonne cfr Taiwan on...Read More
Growth investors have a tough decision to make right now. Should they trust the trends that have emerged during the pandemic, or try to second-guess the market?Alternatively, growth investors can conjure up a post-pandemic scenario. The next step is to identify which currently overlooked names and sectors might thrive in such an environment.Personally, I would place a super long-term bet on the sp...Read More
Is the stock market going to crash again? The answer is undoubtedly yes.The bigger question is: Will the stock market going to crash again this year? While no one knows what the future holds, what’s certain is that there’s a lot of uncertainty out there.We’re not out of the woods yet with COVID-19. Otherwise, the CRA wouldn’t be extending the CERB payments by two months. Tr...Read More
Topics:Strong signs we've exhausted this bear market rally.Dollar and Bitcoin bottoms ready to drop from under them.Real estate sales masking underlying weakness in market.Trump is the Republican Jimmy Carter.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Eur...Read More
Well, so far the market has shrugged off last Thursday's violent 6% drop. Though it does seem the momentum of the mania has been substantially tampered down. Last week's drop created an "island reversal" that still remains, an encouraging technical sign for the bear camp. There have now been as many down days since the appearance of the island reversal than in the entire preceding month. The fact...Read More
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
"It's not just black lives matter, white lives matter, Chinese lives matter, all lives matter, everybody's life matters. God loves everyone - he never singled anyone out."Continue...Read More
Gold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com‘s data for the index. A seasonal average is not a directive, but it is a () guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low to be in June or Ju...Read More
Gold’s powerfulpost-stock-panic upleg hasn’t enjoyed buying support from the gold-futuresspeculators. These influential tradersoften drive and even dominate major gold-price trends. But they’ve been subtly selling into gold’ssharp recent rally. Their doggedskepticism is actually very bullish for gold in coming months. Gold-futures speculators are ama...Read More
Gwen Preston of Resource Maven "A Golden Setup & What To Do About It".____________________________________________________________The companies presenting at the Metals Investor Forum are as vetted as it gets - they have already cleared the high hurdle of earning the coverage from the newsletter writers' as companies with excellent management teams, great financials and promising properties. All n...Read More